Form It/sd 2210 - Long Method Interest Penalty On Underpayment Of Ohio Or School District Income Tax - 2016 Page 7
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IT/SD 2210 Long
Taxpayer’s name
Taxpayer’s SSN or FEIN
Rev. 12/16
2016 Ohio IT/SD 2210
Annualized Income Worksheet for Ohio IT 1041 Filers – Long Method
Note: If you annualize for one period, you must annualize for all periods. The time periods listed in each column are cumulative. That
is, the amounts in columns B, C and D include amounts for all previous periods in the taxable year. Note that the ending dates of 4/30/16
and 7/31/16 for columns B and C do not reflect quarterly ending dates. Include a copy of (i) the federal annual income tax worksheet and
(ii) this Ohio annualized income tax worksheet.
The dates below are for calendar year taxpayers. So, fiscal year filers must adjust the dates below accordingly.
A
B
C
D
1/01/16 to
1/01/16 to
1/01/16 to
1/01/16 to
2/28/16
4/30/16
7/31/16
11/30/16
10211411
1. Cumulative net Ohio taxable income (estates) or cumulative modified
Ohio taxable income (trusts) for each period
..........................................1.
6
3
1.7
1.1
2. Annualization factor
.................................................................................2.
3. Annualized Ohio taxable income (estates) or annualized modified
.............3.
Ohio taxable income (trusts): Line 1 amount times line 2 factor
4. Annualized tax on annualized Ohio taxable income (estates) or cu-
mulative modified Ohio taxable income (trusts) for each period (see
.........................4.
the tax table in the instruction booklet for Ohio IT 1041)
5. Nonrefundable credits for each period
....................................................5.
6. Line 4 minus line 5 (if less than -0-, enter -0-)
.........................................6.
90%
22.5%
45%
67.5%
7. Deannualization factor
............................................................................7.
8. Multiply line 6 by the line 7 factor
............................................................8.
9. Amount from page 2, line 1, (enter the same amount in all four col-
umns)
......................................................................................................9.
25%
50%
75%
100%
10. Applicable percentage
...........................................................................10.
11. Line 9 times line 10
................................................................................11.
$500
$250
$375
$125
12. Deannualized adjustment for first $500
.................................................12.
13. Line 11 minus line 12. If line 12 is more than line 11, enter -0-
..............13.
14. Enter in columns A, B, C and D, respectively, 25%, 50%, 75% and
100% of the amount shown on page 2, line 5
........................................14.
15. Enter here and in the respective columns on page 3, line 1 the small-
est of lines 8, 13 or 14
...........................................................................15.
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